We now have 6 consecutive green candles on the daily Bitcoin chart. This isn't something we see often.
At this point, many people are already looking for a retrace but here is my theory as to why I think we can go straight up.
First, it is the same signal I mentioned just two days ago with the volume bars.
We are starting to see volume, finally, but it is still...
This is literally the question most often asked in the comments section when I share any bullish article on Bitcoin... But what about the death cross?
A death cross happens when MA50 crosses bearish the MA100 line, here marked as Blue and Red respectively:
The death cross is a bearish signal.
When we do chart analysis, we...
We expected prices to increase based on some pretty basic signals looking at the 4h timeframe for BTCUSD... This moved took place ( see it here ).
What happens next with Bitcoin?
Let's have a quick look at the daily timeframe but once more keeping it simple... Simple is best.
Bitcoin daily managed to close 'yesterdays' candle (23-June) above EMA10 and EMA21,...
Enjoy the Full Moon... Bitcoin
We have multiple signals to look at on the Bitcoin Weekly timeframe.
Let's get started right away...
Bitcoin Drops ~55%
First, we have a 55.93% drop from the All-Time High hit mid-April to the recent low hit yesterday, 22-June.
See here the chart:
This signal alone calls for a...